US consumer confidence up in May, as hopes rise for better jobs, wages

WASHINGTON (AFP) - US consumer confidence increased slightly in May, with hopes for better job opportunities and higher wages rising, independent business research group The Conference Board said on Tuesday.

The consumer confidence index rose to 83.0, compared to 81.7 in April and 74.3 a year ago.

Consumers' assessments of the current situation and the six-month outlook were both improved.

"Expectations regarding the short-term outlook for the economy, jobs, and personal finances were also more upbeat," said Ms Lynn Franco, director of economic indicators at the board.